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European stocks pared gains, after the Stoxx Europe 600 Index yesterday posted the biggest rally in three months, as carmakers retreated. Lloyds Banking Group Plc surged 8.3% after the U.K.’s biggest mortgage lender said it will make savings of 1.5 billion pounds ($2.4 billion) by 2014.
BG Group Plc surged 4.4%.
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